After serious sell-off some market sectors stage a quiet rally.
Mostly bigger names and roulette online sectors saw some buying while other beaten down sectors and names barely budged off their lows.
I’ve been waiting for some type of rally to undo short-term oversold conditions which may provide an opportunity to short since I remain convinced the previous 7- year market rally is over. But, in the end, I remain a prisoner of the tape. That said, my opinions don’t matter at all.
Most of the action again was focused on big names while small caps and other sectors remain mixed. Breadth still featured a negative bias as the advance/decline data was negative. The